Worst Crisis Fears In Power Sector Owing To Shortage Of Foreign Exchange

power-e-unit

The power sector of Pakistan is facing a looming crisis due to a shortage of foreign exchange, as Independent Power Producers (IPPs) are at risk of shutting down their power plants due to non-payment of approximately $710 million. IPPs have written letters to the federal government, highlighting their outstanding payment issues and warning of severe financial loss if their concerns are not addressed.

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Foreign Oil Gas Firms Leaving Pakistan Selling Their Assets Petroleum Division Secretary

petrol-oil

Secretary Oil Division has said that main three unfamiliar organizations are presently working in the oil and gas area in the country, as global organizations are leaving Pakistan and selling their resources. While preparation the NA board, Secretary Oil Division Muhammad Mahmood expressed that because of ceaseless exhaustion of gas supplies establishment of new gas associations wouldn’t be imaginable. The…

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FPCCI Predicts a Negative Growth Rate in FY23

irfan-ali-sheikh

Karachi Irfan Iqbal Sheikh, President FPCCI, has highlighted the glaring anomalies in the fiscal discipline; management of external account and economic growth rate; which are being observed by FPCCI despite the harshest contractionary measures being implemented in Pakistan for the past many months on the dictates of IMF. Irfan Iqbal Sheikh stressed that people dealing with the ground realities of…

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